Other Things Constant, an Increase in Resource Prices Will

question 9

Multiple Choice

Other things constant, an increase in resource prices will:

• A) increase aggregate demand.
• B) decrease aggregate demand.
• C) decrease aggregate supply.
• D) increase aggregate supply.

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Definitions:

HDC Status

Status as a Holder in Due Course, which refers to a holder of a negotiable instrument who took it for value, in good faith, and without notice of any defect or claim.

Security

A measure or mechanism put in place to protect against unauthorized access, alteration, or destruction of data or physical property.

Debt

The amount of money that is owed or due to be paid by an individual or entity to another.

Deposit Only

A banking feature allowing for the deposit of funds into an account but not permitting withdrawals without specific authorization.